JGB yields rise as investors shake off positive auction outcome

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TOKYO, Nov 16 (Businesshala) – Yields of most Japanese government bonds (JGB) tracked US Treasury yields on Tuesday, with investors shaking off a positive result of the domestic five-year note auction. The 10-year JGB yield rose 0.5 basis points to 0.070% and the 20-year JGB yield rose 0.5 basis points to 0.465%.

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The government auction for five-year notes received bids worth 4.54 times the amount sold, which was stronger than the bid cover ratio of 3.86 times in the previous auction.

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Benchmark US Treasury yields rose nearly five basis points to a three-week high on Monday, as companies to sell debt before liquidity thins during holiday trading ahead of a US government sale of new 20-year bonds on Wednesday. Ran.

The two-year JGB yield rose 0.5 basis points to minus 0.120% and the five-year yield gained 0.5 basis points to minus 0.080%.

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The 30-year JGB yield was flat at 0.675%. The 40-year JGB yield also remained unchanged at 0.720%.

Benchmark 10-year JGB futures fell 0.14 points to 151.63 with a business turnover of 17,466 lots. (Reporting by Tokyo Markets team)

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